Market value and appraised value are both important factors to consider when buying or selling a home. The market value is the estimated price that a buyer would be willing to pay for the property, based on current market conditions. The appraised value is the estimated value of the property as determined by a licensed appraiser. Lenders use the appraised value to determine how much they are willing to lend for the purchase of the home. Both values can impact the price negotiations during a home sale, and it's important to take both into consideration when making a decision.